Instead of relying on overly simple solutions, Chicago’s land bank will use big data to target vacant homes

As Cincinnatians have seen with Hamilton County’s demolition program, funded through state foreclosure funds, it can be difficult to properly implement a program of that nature. Simply tearing down properties seems to be too heavy-handed, but more nuanced solutions can be more costly. In Chicago a slightly different approach is being taken. More from NextCity:

How can cities unload the properties they hold, and facilitate the transfer of empty properties held privately, to owners that can use them? In the age of Big Data, these decisions are becoming less complicated. Last month, fellows with the University of Chicago’s Data Science for Social Good began working with the Chicago area’s newly born Cook County Land Bank Authority. The aim is to create a tool that will make it easier to process data on foreclosures, real estate trends and the like to determine which properties are the best candidates for redevelopment. Think of it as a data-backed triage unit for vacant land.

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